Energy boost from up north
There have been lots of talk here in Canada on US-Canada relations. I believe, Canadians are way too concerned about this. I do understand the economical dependence on business from the US but, hey, US needs energy, lots of it and Canada has it. Maybe in future Canada is more self-confident about this: You wanna have our natural gas? Well, then play to OUR rules or at least stop flaming us! Good friends should respect the other’s arguments.
Welcome to The PMA OnLine Power Report The United States slurps up more oil and natural gas from Canada than any other foreign country on Earth.
And with war raging in the Middle East, civil uprisings in other oil producing countries and a recent decision not to drill in a sensitive U.S. Arctic wildlife refuge in Alaska, even greater demand for Canadian energy is expected. The daily flow of Canadian oil to the U.S. has increased dramatically over the last few years and almost double the quantity from a decade ago.
Canada is now second only to Saudi Arabia as a source of imported oil for the United States, which imported 1.8 billions per day from the Saudis in January and 1.6 million barrels per day from its northern neighbour. When imports of natural gas are included, the importance of Canada as an energy source for the United States becomes even more apparent. Canada supplied about 94 per cent of American gas imports last year.